Canadian CPI is seen lifting to 1.2% from 1.0% - NAB

In the view of analysts at National Australia Bank (NAB), Canada’s CPI is seen ticking higher on the back of rising BOC rate hike expectations.

Key Quotes:

“Canadian CPI is seen lifting to 1.2% from 1.0%.”

“More interesting offshore tonight will be Canadian CPI - given that markets are about 80% priced for another Bank of Canada rate rise during the 4th quarter.”